Aaron Sanchez from Harris Consulting in Alberta works 80 hours in a bi-weekly payperiod and earns $19.00 per hour. In this pay period, he worked 5 hours of overtimeat a rate of 1.5 times his normal pay. Aaron is a member of the union and pays$20.00 per pay in union dues. His federal and provincial claim code is 2.Calculate the total amount (employer and employee portions) that Harris Consultingwill remit to the CRA.

Payroll Accounting can be defined as the accounting system which helps to compute the total payments…

Answered: Calculate the total amount (employer…

Business

Accounting

Calculate the total amount (employer and employee portions) that Harris Consulting will remit to the CRA.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Aaron Sanchez from Harris Consulting in Alberta works 80 hours in a bi-weekly pay
period and earns $19.00 per hour. In this pay period, he worked 5 hours of overtime
at a rate of 1.5 times his normal pay. Aaron is a member of the union and pays
$20.00 per pay in union dues. His federal and provincial claim code is 2.
Calculate the total amount (employer and employee portions) that Harris Consulting
will remit to the CRA.

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